Morning Brief – September 9th 2020
Americas
U.S. tech selloff hits equities, oil falls on demand worry https://t.co/p0UIzYU5Tk pic.twitter.com/x19ACOkjhv
— Reuters Business (@ReutersBiz) September 9, 2020
The US reported fewer than 24,257 new #coronavirus cases yesterday, the smallest increase since June 16, according to data compiled by Johns Hopkins University. https://t.co/znvlgA1brF
— Captivate (@Captivate) September 8, 2020
Republicans Roll Out ‘Skinny’ Stimulus Bill as Talks With Democrats Remain Stalled – WSJhttps://t.co/cR4hNrq2Qf
— Christophe Barraud (@C_Barraud) September 9, 2020
Senate Republicans are proposing curbing the Fed's ability to expand or create lending programs for businesses, states and local governments https://t.co/C34MK9jydu
— Bloomberg Economics (@economics) September 8, 2020
Mitch McConnell has rolled out a new proposal for a pandemic relief bill — but it's unclear how much support it could garner even in his own party.
With top Democrats opposing the plan, calling it "emaciated," it's unlikely to advance.https://t.co/1MzHWDoiXG
— NPR (@NPR) September 8, 2020
U.S.-#China Showdown Over Big Data to Leave Decades-Long Impact – Bloomberghttps://t.co/gVHpci9IKH
— Christophe Barraud (@C_Barraud) September 9, 2020
U.S. to block cotton, tomato product imports from #China's #Xinjiang over forced labor: CBP – Reutershttps://t.co/cHHKjc55HS
— Christophe Barraud (@C_Barraud) September 8, 2020
Trump says U.S. companies should leave China and return home. A new survey of U.S. businesses in the country shows most aren’t interested in taking him up on the offer https://t.co/76gvGqytdt
— Bloomberg Economics (@economics) September 9, 2020
U.S. firms in China increasingly fear soured ties will last for years: survey https://t.co/zQdF46luRO pic.twitter.com/eGgFyR41dd
— Reuters Business (@ReutersBiz) September 9, 2020
*#BIDEN PROPOSES 10% TAX PENALTY ON COMPANIES OFFSHORING JOBS – BBG
*BIDEN SEEKS TO CLOSE OFFSHORING LOOPHOLES, CURB TAX HAVEN MOVES
*BIDEN PLANS 10% TAX CREDIT FOR COMPANIES INVESTING IN U.S. JOBS— Christophe Barraud (@C_Barraud) September 9, 2020
Asia
#China’s regulator is considering a cleanup of the nation’s financial asset exchanges, choking off over-the-counter fund raising for real estate developers and online finance firms as it seeks to control risks, according to people familiar with the plans – Bloomberg
— Christophe Barraud (@C_Barraud) September 9, 2020
#China chipmakers speed up effort to cut reliance on US supplies – Nikkeihttps://t.co/3s5TiexI3J
— Christophe Barraud (@C_Barraud) September 9, 2020
China's biggest airshow cancelled in 2020 over pandemic https://t.co/D3bYvj3Iuf pic.twitter.com/IZps15sIFw
— Reuters Business (@ReutersBiz) September 9, 2020
Japan's Suga in pole position for PM as debate kicks off https://t.co/XvkKCcHtee pic.twitter.com/XIyZ0EY7Rp
— Reuters (@Reuters) September 9, 2020
Cash Squeeze Looms for #Malaysia’s Frenzied Amateur Stock Traders – Bloomberg
*Link: https://t.co/Zl4xiNlyTs pic.twitter.com/NnenRqLP3q— Christophe Barraud (@C_Barraud) September 9, 2020
The global economy's pivot to the East accelerated, as Chinese enterprises grew net profit by 43% from a year earlier.
The pandemic accelerated the country's industrial transformation, and the economic stimulus also appears to have been effective.https://t.co/mUlI9stq03
— Nikkei Asian Review (@NAR) September 8, 2020
Europe
-ECB's Lagarde has euro-fighting options from rhetoric to rate cuts
-Turkey to wield competitive lira in economy's post-visrus pivot
-EU's new trade chief presses the U.S. to scrap tariffs over Airbus aid
Here's a rundown of your top economic news today https://t.co/3jLhnbsvtG— Bloomberg Economics (@economics) September 9, 2020
#Europe #Covid_19: Daily Summary (September 9th)
*Focus on #Germany, Spain, France and #Italyhttps://t.co/iFl2W9ZDeU
— Christophe Barraud (@C_Barraud) September 9, 2020
All social gatherings of more than six people will be banned in England, Boris Johnson to announce https://t.co/YzP0NyvMnJ
— Bloomberg Economics (@economics) September 9, 2020
#ITALY MUST USE EU FUNDS TO REFORM: ECB'S KNOT IN CORRIERE – BBGhttps://t.co/DSk2KUrzjw
— Christophe Barraud (@C_Barraud) September 9, 2020
#ECB supervisors turn the screw on banks’ #Brexit plans – FThttps://t.co/An3JO3GnO8
— Christophe Barraud (@C_Barraud) September 9, 2020
French #trade minister warns UK on #Brexit level playing field – FThttps://t.co/x5FL1clCOt
— Christophe Barraud (@C_Barraud) September 9, 2020
#BREXIT | *U.K. BILL MAY HAVE `HUGE NEGATIVE CONSEQUENCES': EU DIPLOMAT – BBG
*U.K. MUST `URGENTLY' CLARIFY ITS PLANS, EU DIPLOMAT SAYS— Christophe Barraud (@C_Barraud) September 9, 2020
EU’s Dombrovskis Presses U.S. to Scrap Tariffs Over Airbus Aid – Bloomberghttps://t.co/cflUczGRb4
— Christophe Barraud (@C_Barraud) September 9, 2020
A Q&A with Turkey’s finance minister: the economy, lira and energy https://t.co/2qNwjxZW32
— Bloomberg Economics (@economics) September 9, 2020